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Regulatory News


Transaction in Own Shares

Tue, 12th Feb 2019 17:35


RNS Number : 8217P
Motorpoint Group plc
12 February 2019

12 February 2019

Motorpoint Group PLC

("Motorpoint" or the "Company")

Transaction in Own Shares

Motorpoint, the UK's largest independent vehicle retailer, announces that the Company has purchased ordinary shares of 1 pence each in its issued share capital as follows:

(1) Date of purchase:

12 February 2019

(2) Number of shares purchased:

18,000

(3) Average price per share:

200 pence

Highest price per share:

200 pence

Lowest price per share:

200 pence

(4) Treatment of purchased shares:

14,464 Cancellation
3,536 Treasury

Following the cancellation, the Company's issued share capital consists of 96,615,559 ordinary shares, of which 96,612,023 ordinary shares each carry one voting right (excluding treasury shares) and 3,536 ordinary shares are held in treasury.

The total number of voting rights in the Company is 96,612,023 (excluding treasury shares).

This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The transaction is in accordance with Motorpoint's buy-back program announced on 14 August 2018 with a variation to allow shares to be held in treasury (in order to (at the Company's discretion) help satisfy employee share plan obligations).

This notification is made pursuant to Listing Rule 12.4.6R and Disclosure and Transparency Rule 5.6. In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, the schedule below contains further information on the individual trades that are reported in the aggregate above.

Schedule of Purchases - Individual Transactions

Number of shares purchased

Transaction price (pence per share)

Time of transaction

18,000

200

16:23

Enquiries:

Motorpoint Group PLC

Mark Carpenter, Chief Executive Officer

James Gilmour, Chief Financial Officer

via FTI Consulting

FTI Consulting (Financial PR)

Jonathon Brill

Alex Beagley

James Styles

020 3727 1000

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent. of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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Related Shares:
Motorpoint Group (MOTR)



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